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Experimental maglev train
August 13th, 2026 - 09:55 GMT
P. Choiaqo

P. Choiaqo

Chinese train breaks acceleration world record

ALBAWABA - An experimental Chinese bullet train breaks the acceleration world record it set previously by going from zero to 800km/h in five seconds. The experimental maglev train unveiled earlier this year in China is set to revolutionize high-speed rail transportation, paving the way for ultra-high-speed rail; moving from rest to 800km/h in 5.3 seconds and coming to a complete stop after. The experimental maglev train uses magnetic force to ...
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A broader consensus around the need to standardize legal structures and Sharia interpretation could help the industry to progress, according to S&P. (File photo)
September 5th, 2016 - 12:55 GMT

Islamic finance: Cheap oil, lack of industry standardization will impact growth

The Grand Ethiopian Renaissance Dam is now 70 percent complete. (File photo)
September 5th, 2016 - 12:34 GMT

Another day, another delay: September's Grand Renaissance Dam meeting postponed

PCP Capital Partners LLP is led by investment banker Amanda Staveley, who was instrumental in assisting Barclays in raising funds in Abu Dhabi. (File photo)
September 5th, 2016 - 12:01 GMT

Barclays accused of fraudulent $3B loans to Qatari investors to buy its own shares

There has been a recent surge in the number of bank defaults and incidents of fleeing expatriate businessmen in the absence of a legal framework on debt restructuring and bankruptcy. (Shutterstock)
September 5th, 2016 - 07:00 GMT

New UAE bankruptcy law will make business environment more investor-friendly

S&P warns that economic growth will remain relatively weak as long as the domestic political standstill persists and the Syrian civil war continues. (File photo)
September 5th, 2016 - 06:00 GMT

No negativity: S&P upgrades Lebanon outlook to stable

After NY and London, Singapore, Hong Kong, Paris and Milan were the next most popular destinations for Arab property investors. (File photo)
September 5th, 2016 - 05:00 GMT

Arab property investors go stateside to New York over London

Plastic waste generated in Saudi Arabia  is double the consumption rate in the GCC. (Econet.ru)
September 5th, 2016 - 04:37 GMT

Saudi Arabia's plastic consumption 20 times higher than global average

Low oil prices prompted the government to reduce spending notably, with cuts mostly hitting non-essential expenditures with little impact on the domestic economy. (Shutterstock)
September 4th, 2016 - 12:00 GMT

Kuwait posts $15.2B deficit as low oil continues to exert pressure

The drilling campaign on Zohr will continue in 2016 with the drilling of a sixth well. (Wikipedia)
September 4th, 2016 - 11:00 GMT

Eni steps up drilling in Egypt's Mediterranean with fifth well

The new project will serve around 350,000 people while indirect beneficiaries from the project would reach 800,000. (Wikimedia Commons)
September 4th, 2016 - 10:00 GMT

Lebanon gets $55M World Bank loan to fight Bekaa Valley pollution

GCC countries set no specific emission reduction targets at COP21 but promised to develop their renewable energy sectors. (Shutterstock)
September 4th, 2016 - 09:00 GMT

GCC's interest in diversifying the energy mix comes at an opportune time

The “district”, of which over half will be open space, will offer 1 million square feet of climate-controlled arcades for an “all-season lifestyle”. (Twitter)
September 4th, 2016 - 08:00 GMT

Dubai's futuristic Jumeirah Central development will have 'aerial gondolas'

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